889 W Bay Area Blvd - Hospitality FOR SALE


Webster, TX 77598
$5,300,000 USD
713-955-0012
889 W Bay Area Blvd, Webster, TX for Sale
$5,300,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

889 W Bay Area Blvd
Webster, TX 77598


HIGHLIGHTS

  • Ideal Opportunity for an Experienced Owner/Operator to Improve Performance and NOI Flow-Through
  • New franchisees benefit from an automatic franchise transfer agreement, simplifying the transition of inheriting the existing membership agreement.
  • Current ownership recently carried out a renovation of the property.
  • Given the recent renovation, a minor change-of-ownership property improvement plan (PIP) is expected.
  • The property is situated less than two miles from the three main hospitals in Webster.
  • Prime location on Bay Area Blvd, near several attractions, restaurants, & entertainment venues.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=145725 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 77-key Best Western Webster Hotel NASA, a limited-service hotel asset in Webster, Texas. A more hands-on investor will have the ability to realize the significant upside of acquiring a recently renovated property with further potential at a price well below replacement cost.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$186 USD /SF

# OF ROOMS

77

PRICE/ROOM

$68,831 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Webster Hotel NASA

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

133

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

None

APN/PARCEL ID

1205010000001

ASK ABOUT THIS PROPERTY

713-955-0012

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713-955-0012

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